With the uncertainty surrounding cryptos amid bearish sentiments, investors are already looking for better options. Based on their market trends, Cutoshi (CUTO), Binance Coin (BNB), and Avalanche (AVAX) are the best altcoins to watch. Let’s find out why!
Cutoshi, An Ethereum-Based Utility Token Riding The Altcoin Wave
As a DeFi hub fueled by community vibes, Cutoshi combines the unique appeal and lucky essence of the Chinese Lucky Cat with the innovative spirit of Bitcoin founder Satoshi Nakamoto. This makes it a utility token with the mission of bringing something unique and fresh to the saturated crypto market.
At its core, Cutoshi it’s a DeFi Hub, including a multi-chain decentralized exchange (DEX), for a private yet secure experience. It also simplifies asset swapping across different chains, saving users money and time. Cutoshi also features a learning academy to help narrow crypto knowledge and bring DeFi to the masses.
Moreover, Cutoshi’s built-in utilities and scarcity will help it outperform top altcoin cryptos, including Binance Coin and Avalanche. Cutoshi is currently in stage one of its presale, where the CUTO token is trading at just $0.015. However, analysts are optimistic about Cutoshi’s future, with a projected 100x growth potential by the time the presale ramps up.
BNB Rebounds By 9% From Its Monthly Low
After reaching a high of $640 on March 16, the price of BNB began forming an ascending triangle, which highlighted that the altcoin was consolidating. But it was more likely preparing for a continued uptrend that began in October 2023. With the Elliott Wave Theory in mind, this uptrend represents the fourth wave in a five-wave sequence. It hit a yearly high of $721 in June but quickly faced a correction that pulled back its ascending support of around $610.
It further dipped below this support, and from there on, the BNB downtrend followed a three-wave structure. This led to a further pullback to $400 on August 5 but entered a recovery phase, forming an additional ascending triangle with a horizontal resistance around the $600 region. As such, it leaves two scenarios; for one, BNB’s price completed the five-wave impulse and is on a major correction. Secondly, despite reaching a new high in June, the BNB coin has traded sideways since March.
Technically, its recorded lows in August may have marked the end of this pattern. This reflects a potential for an extended rise towards a new ATH above $800. While the price of the BNB approaches its ascending triangle, it could hit a breakout direction, providing further clues about the main projection. However, its inability to breach the $600 mark indicates a more significant price drop.
Avalanche Price Prediction
Avalanche’s price faced a steep decline to $30 by April, following a sideways movement for 55 days. The consolidated ended up a breakout rally that pushed the price of Avalanche to $42 in May. Afterward, the Avalanche coin has traded on a downtrend, potentially finalizing the leg of its decline.
The $65 high has marked the end of a higher uptrend that started in October 2023, when the price of AVAX was roughly $9. It formed a five-wave impulse in the broader bull cycle but went into a corrective phase. The wave structure analysis indicates that the price of Avalanche has finished its C wave in the ABC correction pattern.
This caused the price to hit a low on August 5. Avalanche RSI has dropped to an oversold level by roughly 25%, indicating a bottom and the start of a new uptrend. While Avalanche recovery has followed, it has a chance of a rise but could be corrective, indicating a further downtrend ahead.
Is Cutoshi A Better Utility Token?
Despite Binance Coin and Avalanche’s strong market foundation, Cutoshi, backed by its utility, continues to attract investors even in stage one of its presale. Having raised over $400K, Cutoshi is setting the pace for significant bullish trends in 2025, which seems to sit well with the many investors flocking to its presale.
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